Course ID: SNPR

Upcoming Peer Review: Is Your Firm Ready?

What does it take to have an effective quality control system that leads you to a clean, unmodified peer review report? Find out how to prepare for your next review and what can be done on a daily basis to create a strong quality control environment for your firm. Identify the most common significant deficiencies that peer reviews uncover and what you can do to prevent them from occurring in your firm. Consider the process for selecting the appropriate peer reviewer and determine the right review year-end for your firm. If you have specialized engagements, such as governmental units, not-for-profit organizations, construction contractors, or employee benefit plans, this course examines the additional issues that may come into play.

LEARNING OBJECTIVES

Recall how to create a firm environment that focuses on quality control.

Recognize the basic steps for monitoring and inspections.

Recall key considerations related to establishing a quality control system based on the Quality Control Standards.

Recognize significant recurring engagement deficiencies and how to prevent them.

Identify how to prepare for your next peer review – decisions to make and pulling together the right information.

MAJOR TOPICS

What to do between reviews to maintain a quality control environment and continually prepare for the next review

Common engagement deficiencies and how to prevent them

Selection process-the peer reviewer and the review year-end

Quality control standards overview

What you need to assemble for your reviewer

Peer review wrap-up expectations

Solutions to common quality control issues

DESIGNED FOR

Practitioners subject to peer review who are involved in performing accounting and auditing services for small and midsize businesses

FIELD OF STUDY

Auditing

PREREQUISITES

Experience in performing accounting and auditing services

COURSE PRODUCER

AICPA

CPE CREDITS

8.0

LEVEL

Intermediate

This course is available for your group as:

Group LiveOn-Demand

Let's Roll!

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